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13 suggestions let you change the US investment to buy a house
Overseas real estate investment is now more and more popular, and US real estate investment is a big hit in all overseas real estate investment. This article introduces 13 suggestions for buying a house in the United States, and hopes to help your US real estate investment and home ownership.
1丶 Perform data analysis. Develop a portfolio of financial plans to determine if you can really afford to pay for a home. After all, just because it is a good time to buy a home doesn't mean it's a good time for you to buy a home. It's important to understand how much you can afford to buy and whether buying a home may prevent you from solving other important financial problems in your life.
2 丶 20% of the money is used to pay the down payment. I am not a supporter of a down payment below this amount (although the Federal Housing Administration allows this). Make sure your down payment is in the form of a cash or cash equivalent account so that market changes will not hinder your plan.
3丶 Use the very good “rental comparison to buy a house” calculator provided by the relevant media. Renting a house may still be a better deal in your life.
4丶 Be an informed buyer. You won't just buy a house because the beautiful photos of the house are posted online, but you can also do more price research. That is to say, there is nothing better than talking to neighbors near the house to get "field" intelligence.
5丶 Request a copy of your credit report. If you have not done so in the past, please open the relevant website and apply for a free copy of your credit application. It is important to correct any errors in the report before you begin the mortgage process.
6丶 Obtain pre-approval of mortgage loan. Pre-approval is a good overall check of your purchase price range. Gone are the days when banks will provide money to anyone with a heartbeat. The best way to get started is to ask a friend to refer to a mortgage broker to shop around for a bank and a credit union bank. Make sure to compare under the same conditions and ask the broker for the total cost at the end of the transaction.
You should also know that once you have actually found a house, the mortgage loan process is as painful as the root canal treatment, except that it requires more patience and no novocaine (Novocain). Note: local anesthetic). You will need to do a lot of paperwork and advance notice - the closer you get to the end of the deal, the more requests you will have to provide even more documents. In the end, you will need a "commitment" detailing the terms of your loan approval.
7丶 Find an agent. Almost everyone complains about real estate agents, but I still think it is very difficult to complete the process of home purchase alone. In some markets, buyer brokers exist, but the most important qualities of economic people are honesty, experience, good relationships with other agents, and good recommendations from buyers who like you. Remember that most agents represent the seller, not the buyer.
8丶 Hire a real estate lawyer. This is a major transaction in your life, so don't try to save money when it comes to legal fees. Even if your mortgage company offers a lawyer, you have to hire one yourself to help you draft all the documents and ensure that your interests are maintained at every step of the process.
9丶 for evaluation. The assessment will determine the market value of the property and will ultimately be used by your lender to determine the amount of your loan. You have the legal right to obtain a copy of the assessment report and you will need a copy for your records.
10丶 Appointed home inspection. Think you have found your ideal house? Maybe, but unless an engineer checks with you about the house, you may renovate the house in a year or two. Don't be frightened if there is a problem in the process of checking the house; it can often be resolved with a simple price adjustment. Protecting yourself is a must, so don't miss this important step.
11丶 Start with a reasonable offer. The quotation should be based on the approximate price of the nearby house sold in the past six months. Your agent will help you in the process, but the offer should include the price you are willing to pay for the house, your loan terms and what happens if there is any problem during the inspection process. Unforeseen expenses of the matter.
12丶 Purchase homeowner insurance. If you are a lifelong tenant, the cost aspect can be awesome. Make sure you understand the difference between the insurance structure and the insured content. If you are buying a property close to a water source, make sure you have an agent who can help you join the National Flood Insurance Plan.
13核 Check the statement of the Ministry of Housing and Urban Development before completing the transaction. Government documents provide basic details about the parties involved and a large number of figures. It is inevitable that some errors will occur, which is why it is important for you to check the statement and confirm that everything is correct.
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